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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Warehouses
275 Circuit St, Hanover, MA 02339-2052
Entity Owned
5-yr Hold
Property ID
US38-1078105
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
FRAME
Total area
7,200 SF
Lot
2.35 ac (102,366 SF)
Zoning code
I
APN
HANO M:52 L:015
UPID
US38-1078105
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
A Healthy Balance, Inc. Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Hanover Circuit St LLC · 5 yrs held
Hanover Circuit St LLC
since 2021
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
I · Hanover, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+125.8%
Commercial (general)
$1.7M
+96.9%
Industrial (general)
$1.6M
+94.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hanover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanover submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,555,000
ML approach
$1,670,000
CAP Approach
CAP Return
Estimation
6%
$1,495,000
6.5%
$1,380,000
7%
$1,280,000
Alternative Use
Use
Estimation
RESTAURANT
$1,900,000
Change: +126% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,655,000
Change: +97% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,635,000
Change: +94% · Conversion: Easy
RETAIL STORES
$1,495,000
Change: +78% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,490,000
Change: +77% · Conversion: Easy
OFFICE BUILDING
$1,455,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.55M (Mar 5 2021)
Last sale anchor
$1.55M
Mar 5 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$214 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,998
Tax year 2024
Assessed value
$669,000
Assessed 2024
Previous assessed
$633,200
+5.7% YoY
Effective rate
1.34%
On assessed value
Assessed land
$334,500
Assessed improvement
$334,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
7,200 SF
Lot
2.35 ac (102,366 SF)
Zoning code
I
APN
HANO M:52 L:015
UPID
US38-1078105
Jurisdiction
HANOVER
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Hanover, MA
Zoning I · permitted uses
I · Hanover, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanover. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
2.35 ac
Current owner
From public records · entity-resolved
Hanover Circuit St LLC
Entity
Mailing address
41 FEDERAL AVE, QUINCY, MA 02169-7752
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2021
$1,550,000
Hanover Circuit St LLC
275 Circuit Street LLC
Quit Claim Arm's Length For Ne States
$1,163,000 · Rockland Trust Co
Dec 28, 2015
$400,000
275 Circuit Street LLC
Durgin Family Trust
Quit Claim Deed
$200,000 · Carolyn A Durgin
Sep 8, 2009
$1
Ft 2 Durgin
Durgin,robert A
Grant Deed
—
Oct 3, 1996
$962,000
Batiment RT
Aristokraft INC
Grant Deed
$720,000 · Fleet National Bank
—
—
275 Circuit Street LLC
—
Deed Of Trust
related
$320,000 · Rockland Tr
—
—
275 Circuit Street LLC
—
Deed Of Trust
related
$475,000 · Rockland Tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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